Former directors

[sooty]

Paul....whatever else you do in life.....do not take an interest in Cambridge United....I beg...!x I will be asked to stop you. It would cause me serious moral and loyalty conflict/issues. I like you. Happy New Year....X

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Voids create fear....doubt and worry. There is nothing said in this thread raised by Paul or others that should 'scare' anyone.....that's anyone who has a conscience or wants it stimulated. Knowledge....is power. I believe you have all been empowered......perhaps the best gift 2014 could have brought you all......thanx Santa Riley!x There is no need for a 'gang' I suggest either.....just confident concerned and principled folk who can articulate themselves and with savvy enuff to know better when being fobbed. Histon is over blessed with those types.....and I wish all of them.....and readers of this....quiet....but quintessential forum...an 'honest' New Year!x City or United's forums ain't had nowt as 'dynamic' or determined as this thread alone....all year. Tell me different.......!X Well done Histon Forum......it get's my vote for 'quality Fans Forum' of the year.....!!!!!x

[Deleted]

Dear Sooty,

You don't need to fear that. I have enough legal and commercial interests to manage outside of the UK where I am based. I only deal with companies where I am referred.

All the best Sooty (incidentally, is that your real name? It's cool).

Best for the New Year

Paul.

[sooty]

.......it's 'official' mate!!!!x There would be no 'fear' involved Paul. Faced with information as provided in a manner as you have....my moral decision would be to close CUFC Ltd....end of.

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[cliveh]

Sooty, let it go !!
I have , after 57 years. And that's less than a few others. You cannot compete with that.
xxxx<><>¥¥¥¥¥^^^^lolxxxxx

[sooty]

Let it go Clive???!!!.......off tae Scowtland to do a private party in a Castle near Inverness......tis all part of 2014 history already.....have a good un!!!!!x
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[ewstute]

Dec 31, 2014 1:46:05 GMT @paulriley said:

ewc999,

Joy Mansfield
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Let me answer the bit about Joy resigning from the Board. Its all publically available if you go looking for it.

1. If you look on the directors list on the Histon FC web site, you will see that Joy has been removed and Lynn Kemp has been included: www.histonfc.co.uk/directors.php

2. On the Companies House website Joy resigned on 11/09/14 companycheck.co.uk/company/05694326/HISTON-FOOTBALL-CLUB-LIMITED/directors-secretaries. It can also be confirmed on the webpage www.companydirectorcheck.com/joy-janet-mansfield
One may wonder why the club didn't announce this, although they have just recently updated the website to reflect this change.

Transparancy of HFC finances
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Regarding the financials, you are right about not having access to the 13/14 accounts at this time, and I have repeatedly stated this. But I equally pointed out that some £600,000 profit needs to have been made in the same season to reach break even. Let's see if this is the case when we have access to the latest submitted accounts. I think this may be particularly relevant to shareholders.

Yes I am using a previous set of annual accounts (12/13) and trying to project what needs to be done to make them fit what we have all heard. It's a normal way of estimating the business in the absence of information, and in this case it seems realistic to assume that the accounts for 2013/14 will not show a £600k profit for the year (this is the key point). But let's put it to the test when we have the required account details. Unfortunately we will have to wait until after February to know what we can reasonably estimate now.  From what I remember, 2013/14 was not a healthy year in which we can expect to see reasonable profit (again an assumption, but I feel it is a realistic one)

I don't think I am scare-mongering. This site is particularly focused on anything to do with the club. I just want the facts and I want to understand on behalf of other shareholders what is actually going on off the park. People have invested varying degrees of their hard earned money into the club with the good intention of improving their destiny. Whereas with most other companies, shareholders get to understand the financial performance at its AGM, or through shareholder communications. In HFC's case the Board has gone further and actively blocked any attempt to provide financial information through its recently modified company Memorandum (may I ask why was that needed and doesn't it sound odd. You invest money in the club but cannot find out how well they are doing financially? How do large sponsors feel about paying sums of money and not knowing whether their name will be tied to a company about to go bust, if this is the case?).

As you correctly point out, there are other clubs at this level that are in a similar weak financial position. But not all of them withhold the details. Some clubs even publish their accounts on the web site for all to view. So what is the big secrecy at Histon FC? If we knew, maybe we could help them, or be more sympathetic to their efforts.

Does anyone else get the feeling that there is a lack of communication going on? Incidentally, potential investors of any substance (main advertisers, sponsors, etc) will typically want to have sight of the club's financials, in the same way that some of its shareholders also do. This is not uncommon.

"I just want the facts and I want to understand on behalf of other shareholders what is actually going on off the park"

So you are a shareholder then Paul. That explains a lot.